First Deal Closed Today $9700.00!!

This was a 3/2 sf that the seller had listed for $125K with an ARV of $149k. He had done all of the rehab ( kitchen,bath, paint,etc:) except for the carpet. We negotiated the deal down to $85.3k and got it under contract. I assigned the deal the next day to one of my buyers for $95k. The whole deal took 3hrs to include walking the property. BOY-O-BOY does this stuff work!! Hope to have deal #2 by the week end. THANK YOU DEAN AND THE SUCCESS ACADEMY!!

Mark Hanrahan
Virginia Beach

WOO HOO

Congrats! I can't wait until I can post this very same thing. These posts keep me motivated, on to the next one Laughing out loud

Thanks, keep moving forward,

mhanrahanrei's picture

Thanks, keep moving forward, it'l happen!

Mark

Congrats!!

Mark, awesome job!! Keep the update coming.
Raymond

Thank Raymond, will do. Have

mhanrahanrei's picture

Thank Raymond, will do. Have a meeting with my agent tomorrow to look at an reo. Will let you know how that turns out.

Mark

Congratualtions Mark!

Valuni's picture

very happy for you! wishing you many more deals in the near future!

thank you for sharing,

Thanks Val!! Mark

mhanrahanrei's picture

Thanks Val!!

Mark

Awesome!

cantstopme's picture

Keep the money train moving!

Gina

Thanks Gina, Huge numbers

mhanrahanrei's picture

Thanks Gina, Huge numbers means huge results. Lets all keep moving forward and helping each other!!

Mark

Way to go! I am so jealous...

Tina1's picture

Awesome first deal, Mark!
I've seen so many awesome first deals... mine was only $4,400 (but I am not complaining)!

Way to go, I'm so happy for you.

How many offers have you done up to this point?

-Tina

Thanks Tina, This was my

mhanrahanrei's picture

Thanks Tina, This was my third offer. I have 4 on the burner.

Mark

Wow! Congratulations

femailceo's picture

On your first Deal. Thank you for sharing!

Thanks Tammy. Mark

mhanrahanrei's picture

Thanks Tammy.

Mark

Congrats, Mark.

Good to see that someone is wholesaling here in the 757 area. Wish you many more... I do have one question though: how did you get the owner to drop the asking price 40k on an already rehabbed property? That's definitely inspiring. Was it really just the carpet...? With that negotiation, that's not just getting your foot in the door, that's kicking the door open. Once again, congratulations.

I learned a long time ago

mhanrahanrei's picture

I learned a long time ago that you look at a persons actions and not their words. When I made the first counter offer he dropped $20k. His agent said that was as low as he would go. NOT, I countered back and got the contract. Take the emotion out of the deal. Real Easte investing is a numbers game, if the numbers make sense , make the offer. Sometimes you have to remind your agent of that. Listen to your gut, don't get pressured into making an offer because someone says you need to act fast.

SWEET

jackk09's picture

Congrats on this deal! Way to MAKE it happen!

Thanks Jack!!

mhanrahanrei's picture

Thanks Jack!!

Sweet Deal...

DWard45's picture

Congrats, wat a paycheck...

Thanks Davillion!

mhanrahanrei's picture

Thanks Davillion!

Great Job!

Mark K's picture

Great job Mark!

It's nice to see stories like this to remind people that this can be done practically anywhere.

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